​<a target="_blank" href="https://www.planify.in/research-report/metropolitan-stock-exchange-india-limited/">Metropolitan Stock Exchange of India</a> (MSEI) has introduced a Liquidity Enhancement Scheme (LES) to improve trading liquidity, market depth, and price discovery in equity shares traded on the exchange. What the Exchange is Doing Under this scheme, MSE will appoint designated market makers who will continuously provide buy and sell quotes in selected equity stocks, helping ensure smoother trading and narrower bid–ask spreads. Key Features of the Scheme<ul><li>Mandatory two-way quotes for most of the trading day</li><li>Defined order-book depth across multiple price levels</li><li>Controlled bid–ask spreads to improve pricing efficiency</li><li>Monthly incentives of up to ₹40 lakh for market makers meeting obligations</li><li>Waiver of exchange transaction charges for trades under the scheme</li></ul> Eligible Securities The scheme includes a broad list of actively tracked stocks, and all new mainboard IPOs listed on MSEI will be added automatically. Scheme Duration The LES will remain in force until June 30, 2026, subject to review or modification by the exchange. Why This Matters for Investors The initiative is expected to improve liquidity, reduce trading costs, and support more efficient price discovery, making trading in MSEI-listed equities more seamless and transparent.

MSEI Launches Liquidity Enhancement Scheme (LES)

MSEI Aims to Improve Market Liquidity and Price Discovery

Financial Performance (Q1 FY26 vs Q1 FY25):&nbsp;<a target="_blank" href="https://www.planify.in/research-report/oyo-share-price/">OYO</a> reported a robust financial performance in Q1 FY26, with Revenue increasing significantly by 47.26% year-on-year (YoY) to ₹2,019 crore, compared to ₹1,371 crore in Q1 FY25. This strong topline growth reflects sustained demand momentum across its core markets. Profit After Tax (PAT) more than doubled, surging by 135.29% YoY to ₹200 crore, up from ₹85 crore in the corresponding quarter last year. The profitability surge was further highlighted by Adjusted EBITDA, which grew 3.3x YoY to ₹550 crore, supported by enhanced operational efficiencies and higher operating leverage. Operational Metrics (Q1 FY26 vs Q1 FY25):&nbsp;Gross Booking Value (GBV) expanded by 145.35% YoY to reach ₹7,277 crore, underscoring significant market share gains. The Hotels segment led the momentum with a 221% YoY increase in GBV (₹5,939 crore), while the Homes segment grew by 16% YoY (₹1,288 crore). The global supply footprint for Hotels grew by 29% (to 22K), and Homes increased by 44% (to 124K). Storefront Expansion: OYO rapidly scaled its mid-premium and premium company-serviced portfolio in India, with storefronts expanding 5x YoY to reach 1.1K. Managed Workspaces: The Innov8 segment reported revenue of ₹37 crore (up 55% YoY) and an EBITDA surge of 189%. Strategic Developments &amp; Outlook:&nbsp;OYO’s net worth and operational efficiency continue to provide strong capital support, with a strategic shift toward Company-Serviced properties, which now contribute 51% of GBV, up from just 9% a year ago. The company is maintaining a disciplined cost structure, with operating costs projected to fall from 12% to 8% of GBV by the end of FY26. A key strategic milestone is the IPO timeline, with the company planning to launch its public offering in the second half of 2026. Near-term focus remains on strengthening the balance sheet, maintaining positive cash flows, and leveraging technology to lift RevPAR and guest retention.

Robust financial performance of OYO in Q1 FY26

Some of India’s most interesting value creation stories are unfolding in 2026 beyond traditional avenues to <a target="_blank" href="https://www.planify.in/unlisted-shares/">unlisted shares</a>, a select group of unlisted leaders are building scale, improving profitability, and preparing for eventual listings, quietly compounding away from daily market noise. OYO:&nbsp;<a href="https://www.planify.in/research-report/oyo-share-price/">OYO</a> is shifting from hyper-growth to profit discipline, with improving EBITDA, debt reduction, and better hotel occupancy&nbsp; turning a crisis-era brand into a credible turnaround story on investor watchlists. SBI Mutual Fund:<a target="_blank" href="https://www.planify.in/research-report/sbi-mutual-fund-share-price/">SBI Mutual Fund</a>, India’s largest AMC by AUM, is preparing for listing signalling monetisation of a powerful brand, sticky fee income, and a long-duration compounding business linked directly to rising financialization of savings. Onix:&nbsp;<a target="_blank" href="https://www.planify.in/research-report/onix-renewables/">Onix</a> operates in premium consumer electronics with a strong retail network; it benefits from import substitution, the domestic manufacturing push, and rising discretionary consumption among India’s urban households. Orbis: <a target="_blank" href="https://www.planify.in/research-report/orbis-financial-corporation/">Orbis</a>&nbsp;is positioned in security and surveillance solutions, riding structural demand from smart cities, logistics hubs, government infrastructure and corporate risk management, a space expanding quietly but rapidly. Hero FinCorp:<a target="_blank" href="https://www.planify.in/research-report/hero-fincorp/">Hero FinCorp</a>, backed by the Hero group, is gaining from a reviving credit cycle; used-vehicle finance, retail loans, and MSME lending give it operating leverage as growth and collections improve. Chennai Super Kings (CSK):<a target="_blank" href="https://www.planify.in/research-report/chennai-super-kings-cricket-limited/">CSK’s</a> valuation is driven by media rights, sponsorship monetisation, fan IP, and league expansion sports franchises are evolving into serious financial assets instead of passion projects. Insolare Energy:&nbsp;<a target="_blank" href="https://www.planify.in/research-report/insolare-energy/">Insolare Energy</a> is directly aligned to India’s renewable push; solar EPC, modules, grid upgrades and PLI-linked manufacturing place it at the heart of the nation’s energy-transition capex cycle. NSE: India’s largest stock exchange by turnover; benefits from rising retail participation, derivatives depth, and formalization of savings into capital markets. <a target="_blank" href="https://www.planify.in/research-report/national-stock-exchange/">Nse Unlisted Share price</a> NCDEX:&nbsp;<a target="_blank" href="https://www.planify.in/research-report/ncdex/">NCDEX</a> leading Agri-commodity exchange; positioned to gain from inflation hedging demand, warehousing reforms, and institutionalization of commodity price discovery.

unlisted shares, a select group of unlisted leaders are building scale, improving profitability, and preparing for eventual listings, quietly compounding away from daily market noise.

Top Unlisted Shares to Watch in 2026

Notice of the&nbsp;Extra Ordinary General Meeting (“EGM”)&nbsp;of <a target="_blank" href="https://www.planify.in/research-report/madhur-iron-and-steel/">Madhur Iron and Steel</a>, which is scheduled for Friday, Jan 9, 2026 at 4:00 PM (IST)&nbsp;through video conferencing (“VC”)/ other audio-visual means (“OAVM”) to transact the following businesses:Special Business:To consider and, if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution:<ul><li>Approval for raising capital through Initial Public Offer (IPO) of the company:&nbsp;The Company plans to create, issue, offer and allot up to 1,00,00,000 equity shares of face value Rs 10 each via IPO (book building method), through book-building or other permitted methods, and authorizing the Board to determine structure, pricing, appointment of intermediaries, allotment, and listing of the equity shares.</li><li>Increase in investment limit for Non-Resident Indians / Overseas Citizens of India :The Company seeks Approval to increase the aggregate investment limit of.=&nbsp;NRI/OCI investors up to 24% of the paid-up equity share capital of the Company, in accordance with applicable FEMA regulations.</li><li>Approval to increase the aggregate limit of equity shareholding by Registered FPIs, subject to applicable RBI/FEMA guidelines and approvals. </li></ul> Instructions at glance<table><tbody><tr><td>Cut-off date</td><td>Friday, January 2, 2026</td></tr><tr><td>Commencement of remote e-voting</td><td>Monday, January 5, 2026 at 09:00 A.M. (IST)</td></tr><tr><td>End of remote e-voting</td><td>Thursday, January 8, 2026 at 05:00 P.M. (IST)</td></tr><tr><td>EGM</td><td>Friday, January 9, 2026 at 04:00 P.M. (IST)</td></tr></tbody></table>

EGM notice of Madhur Iron and Steel – 09/01/2026

EGM notice to the members of Madhur Iron & Steel – 9th Jan 2026

Notice of Postal Ballot:Voting Starts on: Wednesday, January 07, 2026 at 9.00 A.M.(IST)Voting Ends on: Thursday, February 05, 2026 at 5.00 P.M. (IST)This is to inform all shareholders that a resolution is proposed to be passed by the equity shareholders of the company through postal ballot only by way of a remote e-voting process. Instructions for remote e-voting will be sent through electronic mode to those members whose email addresses are registered with the registrar and transfer agent.Description of the Special Resolution:<ul><li>Authorization on under Sec on 180(1)(a) of the Companies Act, 2013 – to create charge, mortgage, lien, etc., on company’s assets: Approval to create charge, mortgage, or dispose of company assets to secure borrowings, with total outstanding secured borrowings capped at ₹2,500 crore.</li><li>Authorization on under Sec on 180(1)(c) of the Companies Act, 2013 – increase in borrowing powers of the company: Approval to increase the company’s borrowing limit to ₹2,500 crore, up from ₹2,000 crore, through any form of borrowing, secured or unsecured.</li><li>To approve the conversion of loan (credit facilities) from <a target="_blank" href="https://www.planify.in/research-report/hdfc-securities-limited/">HDFC Bank Limited</a>, State Bank of India, AU Small Finance Bank Limited in specific and other Banks, NBFC, Financial Institutions and Body Corporates etc. in general, into equity shares: Approval to allow lenders to convert loans into equity only in case of default, at Registered Valuer-determined pricing, for borrowings up to ₹2,000 crore.</li></ul>Remote e-voting Instructions at glance:<table><tbody><tr><td>Cut-off date</td><td>Thursday, January 01, 2026</td></tr><tr><td>Commencement of remote e-voting</td><td>Wednesday, January 07, 2026 at 9.00 A.M.(IST)</td></tr><tr><td>End of remote e-voting</td><td>Thursday, February 05, 2026 at 5.00 P.M. (IST)</td></tr></tbody></table>

Postal Ballot Notice to shareholders of Orbis Financial

AI unicorn is preparing to tap India’s primary markets with a ₹4,900 crore IPO, positioning itself among the largest technology listings in recent years.

AI Unicorn Fractal Analytics Moves Closer to Listing With ₹4,900 Cr IPO

India’s quick-commerce pioneer Zepto Ltd. is poised to take a major step toward public markets, with filings for an initial public offering (IPO) of ~$500 million in Mumbai. This move could mark one of the most significant consumer-internet listings on the horizon and underscores the maturation of India’s rapid delivery economy.&nbsp; <h2 style="line-height: 1.8;text-align: justify">Company Overview: From 10-Minute Delivery to Unicorn Scale</h2>Founded in 2021 by <a href="https://www.planify.in/investors/aadit-palicha/">Aadit Palicha</a> and Kaivalya Vohra, Zepto began as a hyper-local grocery delivery platform promising deliveries within 10 minutes of order placement. Since then, it has expanded into a technology-driven quick commerce ecosystem, serving broad fast-moving consumer goods through a dense network of dark stores across major urban centres.&nbsp; Over a short period, Zepto has scaled rapidly:<ul><li>Grew to handle close to 2 million daily orders in 2025.&nbsp;</li><li>Operates 1,000+ dark stores strategically placed for rapid fulfilment.&nbsp;</li><li>Revenue more than doubled to ₹11,110 crore in FY25, up from about ₹4,454 crore in FY24.&nbsp; </li></ul> The company’s growth has been backed by industry-leading investors and billions in funding, laying groundwork for its public market bid. Recently, the company moved a step closer to a listing by converting itself into a public limited company, a regulatory prerequisite for an IPO.&nbsp; The planned offering&nbsp; likely routed confidentially through SEBI under draft papers&nbsp; is expected to include both fresh issuance and secondary sales by existing investors, carried out with the support of global and domestic banks, including Axis Bank, Morgan Stanley, HSBC and Goldman Sachs.&nbsp; <h2 style="line-height: 1.38;text-align: justify">Business Model &amp; Unit Economics</h2> Zepto’s core proposition is ultra-fast delivery of everyday essentials, enabled by: Dark stores, small fulfilment centres in high-density urban areas; Mobile-first logistics and routing technology; Repeat customer engagement through app experience, memberships, and offers. This model generates revenue primarily through product sales, delivery charges, and platform fees, with unit economics improving as delivery density increases. Gross order value (GOV) tripled to ~$3 billion within eight months, indicating strong traction. More recently, the company is nearing an annualized GOV of $4 billion as of April 2025. Many dark stores are turning profitable on an EBITDA-adjusted basis, a sign of improved operational leverage.&nbsp; However, the business remains capital intensive and historically burn-heavy, with cash burn rates significantly higher than peers, a challenge Zepto is attempting to address through cost reductions and better economies of scale.&nbsp; <h2 style="line-height: 1.38;text-align: justify">Strong Funding and Growth Backdrop</h2> <a href="https://www.planify.in/research-report/zepto-kiranakart-technologies-pvt-ltd/">Zepto IPO</a> plans come after an active fundraising phase. In 2025, the company raised about $450 million at a $7 billion valuation, led by marquee names like General Catalyst and Avenir Growth. Performance metrics add weight to this momentum: revenue surged by nearly 150 % to around ₹11,110 crore in FY25, up from ₹4,454 crore in the previous year, reflecting rapid scale even as unit economics continue to improve.&nbsp; Zepto has also expanded its ESOP pool to over $500 million, one of the largest among Indian consumer internet startups, signaling an attempt to broaden employee participation ahead of a public debut.&nbsp; <h2 style="line-height: 1.38;text-align: justify">Let’s&nbsp; Look at India’s Quick-Commerce Landscape</h2> <a href="https://www.planify.in/research-report/blinkit-blink-commerce-private-limited/">Blinkit (Zomato)</a>:&nbsp; Blinkit (Zomato) remains the market leader&nbsp; Market Share: ~45–52% Dark Stores: 1,500+ (targeting ~2,000 by end-2025) Ownership: Zomato (market cap ~$28 billion) Weekly GOV: ~₹845 crore Swiggy Instamart Market Share: ~25–27% Dark Stores: 1,062+ across 124+ cities Parent Valuation: ~$11 billion (post-IPO) Weekly GOV: ~₹405 crore Zepto&nbsp; Market Share: ~21–23% Dark Stores: ~700–750 across 15+ cities Valuation: ~$7 billion (Oct 2025) <h2 style="line-height: 1.38;text-align: justify">Financials and path to profitability</h2><ul><li style="font-size:16px;color:#222222;background-color:transparent">The company has consistently operated at a net loss, though margins have shown improvement and there are industry expectations of EBITDA profitability in near term.&nbsp;</li><li style="font-size: 16px;color: rgb(34, 34, 34);background-color: transparent">Cash Burn Reduction: Cost optimization initiatives, including cuts in marketing spend and workforce rationalisation, are part of the strategy to slash monthly cash burn and strengthen the runway.</li></ul> Zepto IPO gives rise to:&nbsp; Zepto’s anticipated IPO is significant for several reasons: Validation of India’s quick-commerce ecosystem as it matures from private investment to public markets; A test case for heavily subsidised, convenience-first business models seeking sustainable economics; A bullish signal for India’s startup IPO pipeline, a trend highlighted by data showing more than 20 startups readying listings across sectors including marketplaces, consumer internet, and niche B2B platforms.&nbsp; Conclusion Zepto’s planned $500 million IPO filing in India marks a defining moment for both the company and the quick-commerce industry. Backed by strong revenue growth, deep investor support, and expanding scale, the company enters the public market conversation with momentum. Yet, its long-term success will ultimately hinge on how convincingly it can balance growth with profitability. As Zepto moves closer to filing its DRHP, all eyes will be on its financial disclosures and on whether India’s markets are ready to reward speed-driven businesses with sustainable fundamentals.

India’s quick-commerce pioneer Zepto Ltd. is poised to take a major step toward public markets, with filings for an initial public offering (IPO) of ~$500 million in Mumbai

Quick commerce unicorn moves closer to public markets amid massive growth and intense competition

Zepto Set to Initiate IPO Process with $500 Million Filing in India

​<a target="_blank" href="https://www.planify.in/research-report/vci-chemical-industries-india-pvt-ltd/">VCI Chemicals</a> is pleased to announce steady and encouraging progress on its 1.12 LTPA Coal Tar Plant project. Construction activities are progressing swiftly, and the company has successfully received all major machinery at the project site, with total equipment value exceeding ₹135 crore. The project is being executed largely in line with planned timelines, and the plant is expected to become operational during Q3–Q4 of FY26. Once commissioned, the facility is expected to significantly enhance VCI’s product mix, scale, and operational efficiencies. The project is projected to generate healthy financial performance, with average EBITDA margins of approximately 14.4% and PAT margins of around 8.5% during FY27–FY34, driven by economies of scale, improved product realization, and cost efficiencies such as reduced fuel and nitrogen gas consumption. The plant is also expected to strengthen VCI’s domestic and export presence, with total revenues projected at around ₹609 crore at steady-state operations, while maintaining positive cash flows and a robust balance sheet over the long term. This project represents a key strategic milestone in VCI Chemicals’ growth journey and reinforces the company’s commitment to sustainable and profitable expansion.

VCI Chemicals Coal Tar Plant Under Development

Over the past year, several companies that were once part of the <a target="_blank" href="https://www.planify.in/pre-ipo/">pre-IPO</a> universe have successfully crossed the final milestone&nbsp; entry into the public markets. Names like HDB Financial Services, Wakefit, Groww, Lenskart, Meesho, Studds Accessories, Tata Capital, LG Electronics India, PhysicsWallah, Pace Digitek, and Vikram Solar are no longer just private growth stories they are now publicly listed companies with real market discovery. <ul><li>What makes this transition noteworthy is not just the listings, but the timing and scale at which these companies entered the markets. Many of them listed amid tight liquidity conditions, higher scrutiny on valuations, and sharper investor expectations yet managed to attract demand and deliver meaningful listing outcomes.​</li></ul><ul><li>Performance across these listings was mixed, spanning strong debut gains, flat listings, and gradual post-listing upside. </li></ul> For investors who accessed these names during the pre-IPO phase, the journey reflects something important:Early conviction, when backed by strong business fundamentals and sector leadership, can translate into credible public-market performance.​

Early conviction, when backed by strong business fundamentals and sector leadership, can translate into credible public-market performance.

Pre-IPO to Public Markets: A Year review for recent Listings

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